Kennedy has been with Pandora for ten years, and he helped grow the digital radio company to 67 million monthly active listeners with total revenue of $427.1 million in fiscal 2013.$255.9 million of that is mobile revenue, a feat few other companies have conquered.

"On behalf of the Board, I would like to thank Joe for his leadership, dedication and innumerable contributions to Pandora,” Robert Kavner, Pandora’s Lead Independent Director, said in a press releases. “During his tenure, Joe and his management team created a terrific business from the ground up, and, through his stewardship during the formative stages of Internet radio, Pandora now leads with 70% market share. We appreciate his continued strong leadership and dedication to the Company through this process.”

“As I near the start of my tenth year at the helm of Pandora, I am incredibly proud of the team and what we have accomplished in redefining radio," Kennedy says in the release. "As part of our Board discussions of the road that lies ahead, I reached the conclusion and advised the Board that the time is right to begin a process to identify my successor.”